Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) issued its quarterly earnings results on Monday. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03, Briefing.com reports. Fiesta Restaurant Group had a positive return on equity of 12.01% and a negative net margin of 1.16%. The firm had revenue of $172.62 million during the quarter, compared to analysts’ expectations of $178.19 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year.

Fiesta Restaurant Group (FRGI) traded up 9.79% during mid-day trading on Tuesday, reaching $18.50. 241,776 shares of the company’s stock were exchanged. The company’s market capitalization is $495.56 million. The company’s 50 day moving average price is $19.44 and its 200-day moving average price is $22.86. Fiesta Restaurant Group has a 52 week low of $15.60 and a 52 week high of $30.65.

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In other news, Director Brian P. Friedman acquired 12,087 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were bought at an average price of $22.02 per share, with a total value of $266,155.74. Following the acquisition, the director now owns 32,681 shares of the company’s stock, valued at $719,635.62. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barry J. Alperin acquired 2,300 shares of the firm’s stock in a transaction dated Thursday, June 8th. The shares were purchased at an average cost of $21.17 per share, for a total transaction of $48,691.00. Following the acquisition, the director now directly owns 19,166 shares in the company, valued at approximately $405,744.22. The disclosure for this purchase can be found here. Insiders have bought a total of 351,595 shares of company stock worth $7,451,569 in the last three months. 2.20% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue raised its stake in shares of Fiesta Restaurant Group by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 5,346 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 2,376 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of Fiesta Restaurant Group by 7.7% in the first quarter. Mason Street Advisors LLC now owns 6,295 shares of the restaurant operator’s stock valued at $152,000 after buying an additional 450 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Fiesta Restaurant Group by 5.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,360 shares of the restaurant operator’s stock valued at $131,000 after buying an additional 310 shares during the last quarter. Guggenheim Capital LLC purchased a new stake in shares of Fiesta Restaurant Group during the fourth quarter valued at $225,000. Finally, Stoneridge Investment Partners LLC purchased a new stake in shares of Fiesta Restaurant Group during the first quarter valued at $202,000. 93.58% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on FRGI shares. Jefferies Group LLC reiterated a “hold” rating and issued a $25.00 price target on shares of Fiesta Restaurant Group in a research note on Monday, May 15th. Zacks Investment Research upgraded shares of Fiesta Restaurant Group from a “sell” rating to a “strong-buy” rating and set a $29.00 price target for the company in a research note on Tuesday, May 2nd. Canaccord Genuity reiterated a “hold” rating and issued a $25.00 price target on shares of Fiesta Restaurant Group in a research note on Tuesday, May 9th. BidaskClub downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Finally, Wedbush reiterated a “buy” rating and issued a $28.00 price target on shares of Fiesta Restaurant Group in a research note on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.17.

Fiesta Restaurant Group Company Profile

Fiesta Restaurant Group, Inc owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana through its subsidiaries Pollo Operations, Inc, and its subsidiaries, and Pollo Franchise, Inc, (collectively Pollo Tropical) and Taco Cabana, Inc and its subsidiaries (collectively Taco Cabana).

Earnings History for Fiesta Restaurant Group (NASDAQ:FRGI)

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